Castlegar Apartment Buildings for Sale

Multifamily in Castlegar available for sale

Castlegar Apartment Building for Sale

2241 Columbia Av

Castlegar, BC V1N 2X2

Multifamily for Sale
$1,790,000 CAD
10,031 SF

Castlegar Multifamily for Sale

We are pleased to present a rare opportunity to acquire a well-maintained, three-storey walk-up apartment building at 2241 Columbia Avenue, Castlegar, BC. The Property comprises 10 all two-bedroom suites, offering an uncommonly uniform suite mix that drives strong tenant demand and stable, long-term income. The building has been thoughtfully maintained and upgraded throughout, featuring 10 spacious two-bedroom suites ranging from 988 sf to 1,024 sf, well above typical market suite sizes. Additional revenue is generated through coin-operated laundry, and ample on-site parking is provided for all units. The Property is generating a 5.36% cap rate, with significant rental upside of $610 per unit/month, providing an opportunity to increase the yield to 9.21%.

Contact:

Avison Young

Property Subtype:

Apartment

Date on Market:

2026-06-11

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Apartment Buildings for Sale in Castlegar

View All Available Listings

How many apartment buildings are available for sale in Castlegar?

There are currently 1 apartment buildings available for sale in Castlegar, offering a unique opportunity for businesses to establish a presence.

How big are the apartment buildings available for sale in Castlegar?

The average size of apartment buildings available for sale in Castlegar is about 10,031 SF. The largest apartment buildings available to buy is 10,031 SF and the smallest is 10,031 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.

What's the cap rate for apartment buildings in Castlegar?

The average market cap rate for apartment buildings for sale is about 5.36% based on data provided in Castlegar. Learn more about how cap rates are calculated.

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Apartment Building for Sale in Castlegar